PropNex Picks
|September 23,2026Resale Condo Market Watch in August 2026
Share this article:
Rebound in resale condo market activity in August
Sales momentum in the overall property market took a breather in August after a brief bounce back in July, including the resale condo market. About 932 condo units worth $1.85 billion was resold during the month - just slightly under the 1,033 resale transactions valued at $2.07 billion transacted in July. In August, resales transactions accounted for 83.1% of non-landed transactions, while new sale transactions accounted for 13.6% of transactions, as new sale activities paused during the month due to the Hungry Ghost Festival (see Chart 1).
Chart 1: Proportion of private non-landed transactions (excl. EC) by sale type by month
With the pause in new launch activity during the month, the average unit price of new non-landed homes dipped from the previous month. The average new sales price fell 3.1% month-on-month (MOM) to $2,612 psf in August, while the average resale unit price slipped by 0.5% MOM. As such, the new sale and resale price gap slipped from 48.8% in July (see Chart 2), from 43.5% in August.
Chart 2: New sale and Resale Price gap of non-landed homes (overall) by month
Modest gains amongst resale transactions
In terms of profitability, resale condo units transacted in August saw larger gains compared with the previous month. Analysing the profits reaped by resale non-landed private homes in July 2026 and August 2026, it was found that resale condo deals in August garnered higher profits. That said, the proportion of loss-making transactions was also higher in August 2026 over the previous month. The resale profit analysis involves computing gains achieved for the units by matching the condo resale transactions in August against their respective previous purchase price, according to caveats lodged.
The study showed that 17.0% of resale condo transactions (149 deals) in August made more than $1 million in profits, a bigger proportion compared with July (17.1%). Of these million-dollar profit-making deals, the deals was spread amongst the three market segments, 51.0% in the Core Central Region (CCR), 26.8% in the Rest of Central Region (RCR) and 22.1% in the Outside Central Region (OCR) . Loss-making deals in August accounted for 5.7% of transactions, higher compared with the proportion of loss-making deals (4.5%) in July (see Chart 3).
Chart 3: Proportion of profit quantum of resale non-landed transactions (July 2026 vs August 2026)
The average profit was subsequently computed on a project basis. To minimise sampling errors, resale condominium projects that posted fewer than three transactions during the month are excluded from the study. Based on URA Realis caveat data analysed by PropNex Research, the most profitable condo for the month, was Jadescape, within District 20, which pulled in an average profit of more than $688,000 across five transactions in August. It was also the most profitable condo project in the RCR for the month..
Top Resale Condo projects^ in terms of average gross profit* (August 2026)
Project Name | No. of transactions | Average Profit Gained ($) | Average Annualized Profit (%)# | Year completed | Region |
| JADESCAPE | 5 | $688,180 | 4.42% | 2022 | RCR |
| PARC ESTA | 9 | $562,432 | 4.17% | 2022 | RCR |
| AVENUE SOUTH RESIDENCE | 5 | $488,453 | 1.83% | 2023 | RCR |
| GRANDEUR PARK RESIDENCES | 6 | $432,481 | 3.65% | 2020 | OCR |
| THE BAYSHORE | 5 | $423,480 | 4.61% | 1997 | OCR |
| NORMANTON PARK | 8 | $397,813 | 3.23% | 2023 | RCR |
| TREASURE AT TAMPINES | 7 | $396,857 | 4.38% | 2023 | OCR |
| PARK COLONIAL | 7 | $389,286 | 3.58% | 2021 | RCR |
| WHISTLER GRAND | 6 | $381,267 | 3.68% | 2022 | OCR |
| STIRLING RESIDENCES | 6 | $358,648 | 3.51% | 2022 | RCR |
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction; the average profit is determined on the profits of all resale transactions in the development which occurred during the month. The profit reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
#Annualised Gains is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1
Analysis was done based on available data from URA Realis
Going by districts, resale homes in District 20 (MacPherson, Potong Pasir, and Braddell) raked in the highest profits on quantum basis, with transactions reaping average gains of more than $825,000 per deal. In terms of annualised gains, resale homes in District 20 enjoyed the highest average annualised profit of 4.5% per deal.
Top 10 Resale Condo districts^ in terms of average gross profit* (August 2026)
District | No. of transactions** | Average Gains ($) | Average Annualised Gains (%)# |
D20 | 44 | $825,796 | 4.5% |
D21 | 90 | $796,396 | 3.3% |
D15 | 36 | $777,232 | 3.9% |
D8 | 27 | $702,220 | 4.0% |
D10 | 36 | $689,245 | 2.2% |
D16 | 51 | $641,848 | 4.1% |
D22 | 43 | $527,233 | 3.7% |
D28 | 49 | $517,527 | 3.5% |
D23 | 72 | $496,611 | 3.4% |
D19 | 32 | $489,585 | 3.9% |
^Districts with fewer than 10 transactions during the month were excluded from this analysis
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction; the average profit is determined on the profits of all resale transactions in the development which occurred during the month. The profit reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
#Annualised Gains is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1Analysis was done based on available data from URA Realis
**Resale units with no available last caveated transaction data are excluded from this analysis
Analysing individual transactions by gross profit quantum, it was found that the top five gainers from each region ranged from $1.9 million to $3.6 million. The units which chalked up bigger gains were mostly sizeable large format condos that are more than 1,400 sq ft in size, and consisted mostly of older projects built in the 1980s to early 2000s. The respective holding periods for the most profitable resale properties were mostly beyond 15 years - the oldest being a unit held for more than 30 years.
Top 5 Resale Condo transactions in August 2026 by gross profit by region
*Gains are derived from the resale transaction for each unit against the unit's last caveated transaction; the average profit is determined on the profits of all resale transactions in the development which occurred during the month. The profit reflected is gross - it has not accounted for the applicable seller's stamp duties, interest payable, taxes and other relevant divestment costs.
#Annualised Gains is the compounded annual rate of return which shows the rate of return over the time period between the point of resale and the property's last caveated transaction, expressed in annual percentage terms. The formula for determining this is simply: [(current resale price) / (purchase price)] time period in years-1Analysis was done based on available data from URA Realis
**Resale units with no available last caveated transaction data are excluded from this analysis
It was found that the overall most profitable transaction and top gainer in the CCR was for a 3rd floor unit at Palm Spring. It was resold for an estimated profit of $3.1 million, reflecting an annualised profit of 5.9%. Based on URA Realis caveat data, the 1,884-sq ft unit was first bought in October 2003 and subsequently resold for $4.25 million in August 2026, with a holding period of nearly 23 years. Palm Spring is a freehold condominium in District 10, completed in 1997 and located along Ewe Boon Road within the established Bukit Timah/Tanglin residential enclave. It is conveniently positioned near Stevens MRT station on the Downtown and Thomson-East Coast lines, with reputable schools including Anglo-Chinese School (Primary), Singapore Chinese Girls' Primary School and Anglo-Chinese School (Barker Road) in the vicinity.
The top gainer in the RCR in terms of gross profit was for unit transacted at The Esta, which fetched a gross profit of $2.67 million (annualised profit of 6.2%), based on caveats lodged. The 1,561-sq ft 5th floor unit was sold for $3.79 million, with a holding period of 20 years. The Esta is a freehold condominium in District 15, completed in 2008 and situated along Amber Gardens in the established Katong-Marine Parade enclave. It is conveniently located within walking distance of Tanjong Katong MRT station on the Thomson-East Coast Line, while nearby schools include Tanjong Katong Primary School, Tanjong Katong Secondary School and Tanjong Katong Girls' School.
Over in the OCR, the top gainer in August was a 10th floor unit located in The Hillside in District 21. The 2,648-sq ft unit was sold for $5.18 million, achieving an estimated profit of $3.59 million - which reflects an annualised profit of 4.6% over a holding period of 26 years. The Hillside is a freehold condominium in District 21, completed in 2001 and situated along Upper Bukit Timah Road within an established, greenery-rich residential enclave. It is just a short walk from Hume MRT station on the Downtown Line, while nearby schools include Keming Primary School, Lianhua Primary School and CHIJ Our Lady Queen of Peace. The development also benefits from its proximity to Bukit Timah Nature Reserve and Bukit Batok Nature Park, as well as established amenities such as The Rail Mall and HillV2.
Amid a still-low interest rate environment and rising new launch prices, condo resellers August stand to benefit as some homebuyers August find themselves priced out of the new launch market and could consider options in the resale segment.
We Use Cookies